China, France sign 50 agreements worth $25 bn
(The BRICS Post, March 27)
Chinese President Xi Jinping witnessed the signing of a slew of bilateral deals with France after his meet with French counterpart Francois Hollande on Wednesday.
A joint statement late on Wednesday evening said France welcomes the 80 billion yuan ($12.8 billion) quota of RMB qualified foreign institutional investor distributed by China. The statement welcomed turning Paris into an important trade hub of Chinese investment in the euro zone and that of European countries in China.
The 50 agreements signed worth $25 billion in sectors like financial, nuclear and aviation is seen as a major push to ties even as Beijing and Paris mark their 50th year of diplomatic ties.
The two sides released a mid- to long-term blueprint for the development of bilateral ties.
In Wednesday’s press conference with Xi, Hollande welcomed the Chinese investment in his country saying, “Eighteen billion euros of contracts — that is jobs, growth and, most of all, significant prospects for the coming years”.
The two sides also vowed to boost the joint exploitation of the Hinkley Point and other projects in Britain and the construction of the two units at Taishan nuclear power plant in China’s Guangdong Province.
Automobile manufacturing was listed as a priority in bilateral industrial ties with special focus on cooperation between French automaker PSA Peugeot Citroen and the Renault Group with China’s Dongfeng Motor Group and Changan Automobile.
China and France also vowed to build the Chinese city of Tianjin into Airbus’ manufacturing center in Asia.
link:
http://thebricspost.com/china-france.../#.UzPBMvmSySp
Airbus Helicopters and China's Avicopter Sign Joint Production Agreement for 1,000 EC175/AC352 Helicopters
(WCARN.com / Airbus Official PR, March 26)
Airbus Helicopters and China's Avicopter (the helicopters business unit of AVIC) today signed a joint agreement for the production of 1,000 new-generation EC175/AC352 rotorcraft, in the presence of Chinese President Xi Jinping and French President François Hollande at the Elysée Palace in Paris.
The agreement cements the industrial partnership between Airbus Helicopters and AVIC on their jointly-developed EC175/AC352.
"Today's agreement results from several years of close collaboration between our teams. It sets the stage for an unprecedented full-scale production framework by both partners and adds a new dimension to the relationship with Avicopter," said Airbus Helicopters CEO Guillaume Faury.
"The production contract's signature will allow both of us to satisfy the Chinese and worldwide market needs in the medium helicopter segment," added Li Fangyong, AVIC Executive Vice President. "This also puts Avicopter's production resources to work in the aviation industry's global industrial chain."
While development work has been equally shared between Airbus Helicopters and Avicopter for the EC175/AC352 project, production is likewise shared, combining the capabilities of both companies. Coming from a common platform, two different rotorcraft, are being built: the AC352, assembled and supported from China by Avicopter, mainly for the Chinese market; and the EC175, assembled and supported by Airbus Helicopters from Marignane, France, for the worldwide market.
The EC175, certified earlier this year by the European Aviation Safety Agency (EASA), Europe's airworthiness authority, is a highly capable, medium-sized twin-engine rotorcraft that meets global market requirements across a full range of missions - including offshore crew transport, search and rescue, VIP, utility and medical evacuation operations. Initial deliveries to its first three EC175 customers are planned by Airbus Helicopters later in 2014.
France and China launched their cooperation on EC175/AC352 in 2005, benefitting from 40 years of close ties between the partners on previous rotorcraft projects.
link:
Airbus Helicopters and China's Avicopter Sign Joint Production Agreement for 1,000 EC175/AC352 Helicopters